Search
 

Old Big Box Stores Get New Lease On Life

PARAMUS, NJ-Coming to a neighborhood near you, a new wave of value retailers are taking over the turf of former big box tenants.

By Jacqueline Hlavenka | Updated on April 19, 2011

PARAMUS, NJ- Shuttered stores, for sale signs and vacant spaces inside shopping centers and strip malls have become familiar scenery for many towns across Northern and Central New Jersey. But post-recession, the bones of former big box giants like Circuit City, Pathmark and CompUSA are seeing new life this year as a new crop of retailers are beginning to set up shop, brokers tell GlobeSt.com.

“Overall we are cautiously optimistic,” says Chuck Lanyard, president of The Goldstein Group, a Paramus-based retail brokerage firm, who is noticing a bigger trend in the state’s retail real estate market. After securing several new leases throughout Bergen, Middlesex, Union and Monmouth counties, chains such as health clubs, specialty grocers and discount department stores are now moving into existing buildings which once housed big box retailers that fell into bankruptcy–and these tenants are taking advantage of deals in the marketplace, Lanyard tells me.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.